Geode Capital Management LLC Boosts Holdings in TPG RE Finance Trust, Inc. (NYSE:TRTX)

Geode Capital Management LLC grew its position in TPG RE Finance Trust, Inc. (NYSE:TRTX) by 0.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,464,001 shares of the company’s stock after acquiring an additional 7,118 shares during the quarter. Geode Capital Management LLC owned about 1.81% of TPG RE Finance Trust worth $12,447,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Stratos Wealth Partners LTD. lifted its stake in TPG RE Finance Trust by 20.4% in the fourth quarter. Stratos Wealth Partners LTD. now owns 15,456 shares of the company’s stock worth $131,000 after purchasing an additional 2,623 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in TPG RE Finance Trust by 2.5% during the 4th quarter. Bank of New York Mellon Corp now owns 181,368 shares of the company’s stock valued at $1,542,000 after acquiring an additional 4,468 shares during the period. SG Americas Securities LLC grew its position in TPG RE Finance Trust by 19.3% in the 4th quarter. SG Americas Securities LLC now owns 30,596 shares of the company’s stock valued at $260,000 after acquiring an additional 4,944 shares during the last quarter. New Age Alpha Advisors LLC purchased a new stake in TPG RE Finance Trust in the fourth quarter worth $43,000. Finally, McIlrath & Eck LLC bought a new stake in shares of TPG RE Finance Trust during the third quarter worth $58,000. Institutional investors own 57.12% of the company’s stock.

TPG RE Finance Trust Stock Performance

TRTX stock opened at $7.08 on Tuesday. TPG RE Finance Trust, Inc. has a 1-year low of $6.47 and a 1-year high of $9.66. The business has a 50-day moving average price of $8.05 and a 200 day moving average price of $8.44. The company has a market capitalization of $569.13 million, a P/E ratio of 9.44, a PEG ratio of 0.25 and a beta of 1.78. The company has a debt-to-equity ratio of 2.14, a current ratio of 156.81 and a quick ratio of 152.83.

TPG RE Finance Trust (NYSE:TRTX) last released its quarterly earnings data on Tuesday, February 18th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.18). The business had revenue of $34.74 million for the quarter, compared to the consensus estimate of $27.98 million. TPG RE Finance Trust had a net margin of 21.79% and a return on equity of 7.57%. As a group, equities research analysts forecast that TPG RE Finance Trust, Inc. will post 0.99 EPS for the current fiscal year.

TPG RE Finance Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, March 28th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.96 annualized dividend and a yield of 13.56%. TPG RE Finance Trust’s dividend payout ratio (DPR) is presently 128.00%.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. reduced their price target on shares of TPG RE Finance Trust from $8.50 to $7.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th.

About TPG RE Finance Trust

TPG RE Finance Trust, Inc, a commercial real estate finance company, originates, acquires, and manages commercial mortgage loans and other commercial real estate-related debt instruments in the United States. It invests in commercial mortgage loans; subordinate mortgage interests, mezzanine loans, secured real estate securities, note financing, preferred equity, and miscellaneous debt instruments; and commercial real estate collateralized loan obligations and commercial mortgage-backed securities secured by properties primarily in the multifamily, life science, mixed-use, hospitality, self storage, industrial, and retail real estate sectors.